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Trump’s nationalisation of the nuclear energy marketplace could cost U.S. consumers up to $17 billion a year

NIRS 6th June 2018 The controversial Trump Administration plan to nationalize the nuclear
energy marketplace could cost U.S. consumers up to $17 billion a year in
artificially high electricity bills, with the prospect of extensive
coal-fired power plant subsidies potentially doubling that figure.

Further, the bailouts of nuclear and coal could trip up America‘s renewables
industry, leaving the U.S. even further behind in the global race for clean
energy technology development and deployment, according to three experts
participating in a news conference today.

Today, the Nuclear Information & Resource Service (NIRS) updated and expanded the nuclear bailout costs
estimated in its November 2016 report that concluded that federal handouts
for nuclear alone could add up to $280 billion to electricity bills by
2030. A bailout of coal-fired power plants would leave ratepayers and
taxpayers holding the bag for even more. NIRS estimates that the current
Trump bailout scheme could cost consumers $8-$17 billion for just the
nuclear element and as much again for coal subsidies.


June 8, 2018 - Posted by | business and costs, politics, USA

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